Below is a weekly Heiken-Ashi chart for IMU.
I'm looking for a reason to be bullish about IMU. Hard to find one.
IMU hasn't had a close above the 20-Week MA since early September last year.
Volume has picked up in the past few weeks, with the 5-Week MA of Volume now above the 20-Week MA. Are people finally throwing in the towel? That could be a contrarian sign that buying will come into the stock.
Chaikin Money Flow is showing a positive divergence compared to the Stock Chart. That implies that some accumulation is occurring. But we need to see consistent closes above the Zero line.
I think I'll wait before adding any more to the stock I already own.
Below is a weekly Heiken-Ashi chart for IMU.I'm looking for a...
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 (20min delay)
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.5¢ | $379.9K | 6.840M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1581916 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 680013 | 6 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |